QSR stocks tumble up to 7% as Brent tops $100, PNG rationing fears hit kitchen margins
Jubilant Foodworks, Eternal, Sapphire Foods, Devyani International and Westlife Foodworld slid intraday on worries that crude above $100/barrel triggers PNG rationing, forcing costlier LPG use across kitchens. The selloff signals investor concern over near-term margin compression for India's listed food-services pack.
QSR and food-delivery stocks including Jubilant Foodworks, Eternal, Sapphire, Devyani and Westlife fell up to 7% as Brent crossed $100, sparking fears of PNG rationing forcing costlier LPG use and squeezing kitchen margins.